Bath & Body WorksBBWI
Market Cap: 7.63B
About: Bath & Body Works is a specialty home fragrance and fragrant body care retailer operating under the Bath & Body Works, C.O. Bigelow, and White Barn brands. The company generates most of its business in North America, with just 5% of sales from international markets in fiscal 2023. For fiscal 2023, 74% of sales stemmed from the brick-and-mortar network (which was composed of more than 1,800 retail stores), similar to 2022 levels, as consumer shopping patterns remained to normal. Future growth is expected from store reformatting, digital and international channels, as well as adjacent category expansion.
Employees: 57,157
Fund manager confidence
Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)
31% more first-time investments, than exits
New positions opened: 77 | Existing positions closed: 59
15% more capital invested
Capital invested by funds: $9.28B [Q4 2023] → $10.6B (+$1.36B) [Q1 2024]
4% more funds holding
Funds holding: 471 [Q4 2023] → 489 (+18) [Q1 2024]
0.5% less ownership
Funds ownership: 95.14% [Q4 2023] → 94.64% (-0.5%) [Q1 2024]
15% less funds holding in top 10
Funds holding in top 10: 13 [Q4 2023] → 11 (-2) [Q1 2024]
17% less repeat investments, than reductions
Existing positions increased: 158 | Existing positions reduced: 190
60% less call options, than puts
Call options by funds: $77.1M | Put options by funds: $195M
Research analyst outlook
20 Wall Street Analysts provided 1 year price forecasts over the past 6 months
20 analyst ratings
Wells Fargo Ike Boruchow | 17%upside $40 | Equal-Weight Maintained | 24 Jul 2024 |
Piper Sandler Korinne Wolfmeyer | 14%upside $39 | Neutral Maintained | 11 Jul 2024 |
BMO Capital Simeon Siegel | 61%upside $55 | Outperform Maintained | 5 Jun 2024 |
Telsey Advisory Group Dana Telsey | 55%upside $53 | Outperform Maintained | 4 Jun 2024 |
Telsey Advisory Group Dana Telsey | 55%upside $53 | Outperform Maintained | 29 May 2024 |